Hispania Racing Team

There are unconfirmed rumours that the Hispania Racing Formula 1 team has been sold to Japanese merchant bank Nomura.

According to these rumours, Spain’s Bano Popular – from whom team owner José Ramón Carabante borrowed plenty to keep the team afloat – elicited the sale, which is being reported by several news sources for a claimed $35 million.

What happens in terms of the day-to-day running of the team is not yet known – and could be speculated about for days – but one would doubt that the Carabantes (who have a reputation for being very late in paying their creditors) would remain part of the picture if Nomura starts flexing some muscles as the new owner.

There have also been unconfirmed reports that team principal Colin Kolles was set to step aside from the team, and more news is expected to be confirmed in the coming days.

[Image via The Cahier Archive]

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Richard Bailey

Founder & Chief Editor at MotorsportM8
Hasn't missed a Grand Prix since 1989. Has a soft spot for Minardi. Tattooed with 35+ Grand Prix circuits.